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Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNITED GRAINS M. BAHLKE GMBH |
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|
|
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Registered Office : |
Glißmannweg
7, D 22457 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
27.10.2010 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, has contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production
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Source
: CIA |
Glißmannweg
7
D 22457
Hamburg
Telephone:040/357187-91
Telefax: 040/357187-68
Homepage: www.unitedgrains.de
E-mail: info@unitedgrains.de
Active
DE274067098
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.10.2010
Shareholders'
agreement: 27.10.2010
Registered on: 09.11.2010
Commercial Register: Local court 20355 Hamburg
under: HRB
115839
Share capital: EUR 25,000.00
Shareholder:
Marco Bahlke
Krummenstücken 6a
D 22958 Kuddewörde
born: 20.08.1979
Share: EUR 25,000.00
Manager:
Marco Bahlke
Krummenstücken 6a
D 22958 Kuddewörde
having sole power of
representation
born: 20.08.1979
Proxy:
Alexander Last
D 51491 Overath
having sole power of
representation
born: 29.05.1970
09.11.2010 - 21.02.2011 United
Grains M. Bahlke GmbH
Zippelhaus 5a/Nobelshof
D 20457 Hamburg
Private limited company
21.02.2011 - 14.02.2014 United
Grains M. Bahlke GmbH
Große Bleichen 21
D 20354 Hamburg
Private limited company
Sectors
4631 Wholesale of fruit and vegetables
4638 Wholesale of other food
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
The maximum credit is our recommendation for
the maximum
credit limit for the inquired
company.
Balance
sheet year: 2012
Type of ownership: Tenant
Address Glißmannweg
7
D
22457 Hamburg
Real Estate of: Marco
Bahlke
Type of ownership: unknown
Address Krummenstücken
6a
D 22958 Kuddewörde
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Turnover: 2013 EUR 6,000,000.00
Profit: 2012 EUR 30,218.00
further business figures:
Equipment: *EUR 40,000.00
Ac/ts receivable: EUR 597,991.00
Liabilities: EUR 1,204,533.00
Employees:
4
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 5.87
Liquidity ratio: 0.51
Return on total capital [%]: 2.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 6.11
Liquidity ratio: 0.77
Return on total capital [%]: 3.48
Balance sheet ratios 27.10.2010 - 31.12.2010
Equity ratio [%]: 17.02
Liquidity ratio: 0.99
Return on total capital [%]: 4.36
The equity
ratio indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
The
liquidity ratio shows the proportion between adjusted receivables and net
liabilities. The higher the ratio, the lower the company's financial dependancy
from external creditors.
The return
on total capital shows the efficiency and return on the total capital employed
in the company. The higher the return on total capital, the more economically does
the company work with the invested capital.
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 1,402,903.85
Fixed assets EUR 38,620.00
Tangible assets EUR 38,620.00
Current assets EUR 1,362,484.05
Stocks EUR 733,667.67
Accounts receivable EUR 597,990.85
Liquid means EUR 30,825.53
Remaining other
assets EUR 1,799.80
Accruals (assets) EUR 1,799.80
LIABILITIES EUR 1,402,903.85
Shareholders' equity EUR 83,565.46
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 58,565.46
Profit / loss brought
forward EUR 28,347.34
Annual surplus / annual
deficit EUR 30,218.12
Items between
shareholders' equity and
debt capital EUR 100,000.00
Mezzanine financing EUR 100,000.00
Contributions of silent
partners EUR 100,000.00
Provisions EUR 14,805.48
Liabilities EUR 1,204,532.91
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 561,532.47
Fixed assets EUR 27,307.00
Tangible assets EUR 27,307.00
Other / unspecified
tangible assets EUR 27,307.00
Current assets EUR 534,020.91
Stocks EUR 22,045.13
Accounts receivable EUR 400,068.45
Other debtors and
assets EUR 400,068.45
Investments in current
assets EUR 111,907.33
Remaining other
assets EUR 204.56
Accruals (assets) EUR 204.56
LIABILITIES EUR 561,532.47
Shareholders' equity EUR 53,346.74
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 28,346.74
Profit / loss brought
forward EUR 9,496.00
Annual surplus / annual
deficit EUR 18,850.74
Provisions EUR 14,909.67
Liabilities EUR 493,275.46
Other liabilities EUR 493,275.46
Unspecified other
liabilities EUR 493,275.46
Difference assets /
liabilities EUR 0.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.47 |
|
|
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.